Tory mayoral candidate Bailey hits out at Khan over TfL delays September 15, 2020 Conservative mayoral candidate Shaun Bailey has accused London mayor Sadiq Khan of “failing to deliver reliable transport” in the capital, as public transport delays across the latter’s tenure continued to rise. Khan, who is also responsible for monitoring Transport for London’s (TfL) performance in his role as mayor, launched an independent review of body’s future [...]
Uber touts safety updates in second day of London court battle September 15, 2020 Uber has told a London court that it has addressed Transport for London’s concerns over the safety of its passengers through a number of changes to its platform and policies. TfL refused to grant Uber an extension on its licence to operate in London at the end of last year, following what it called a [...]
Tesla rival Nikola admits faked video as SEC launches fraud probe September 15, 2020 Regulators are said to be preparing to investigate fraud allegations against electric truckmaker Nikola, after the firm admitted to faking a video of its truck driving itself. The US Securities and Exchange Commission is to examine allegations against Nikola by short-seller Hindenburg Research, sources told Bloomberg. Hindenburg, which profits off Nikola’s falling share price, claimed [...]
H&M makes fashionable comeback in coronavirus turnaround September 15, 2020 H&M surpassed analyst estimates on profit in its most recent quarter, helping the world’s second biggest fashion retailer to bounce back after the coronavirus pandemic weathered sales. Profit before tax for the three months to the end of August was around 2bn Swedish crowns (£177.1m), beating analysts’ mean forecast of 191m crowns according to data [...]
Oracle confirms Tiktok deal as US officials step in for review September 14, 2020 Oracle has confirmed it is part of a deal to sign a partnership agreement with hit video app Tiktok, after its Chinese owner Bytedance rejected a rival takeover bid from Microsoft. Bytedance had been exploring a sale of its US business after US President Donald Trump threatened to shut down the app amid concerns about [...]
Google reduces entire carbon footprint to zero September 14, 2020 Google has said it has now reduced its entire carbon footprint to zero, after using “high-quality carbon offsets” to wipe out its fossil fuel legacy. The tech giant said its activities became carbon neutral in 2007, but has now completed its mission of removing its carbon footprint entirely. Chief executive Sundar Pichai, who also runs [...]
Crystal ball: Here’s what the Oracle deal could mean for Tiktok September 14, 2020 Tiktok owner Bytedance is said to have clinched a deal to offload management of the app’s US operations to software giant Oracle, after turning down a widely publicised bid from Microsoft. US President Donald Trump ordered Bytedance to separate itself from its US arm in August, giving the firm a 45-day deadline to find a [...]
Uber’s second London legal challenge gets underway September 14, 2020 Today Uber will appear in a Westminster court for a second time, appealing a previous ruling which banned it from operating in London over safety concerns. Transport for London (TfL) stripped Uber of its licence again last year, alleging a failure to protect its customers when using the service. Uber has been allowed to continue [...]
Amazon continues jobs spree with 100,000 additional roles September 14, 2020 Amazon has said it is intending to recruit another 100,000 new jobs in North America this year, marking its fourth hiring effort in 2020 alone. The e-commerce giant has announced plans to hire a total of 208,000 new employees this year, after revealing 33,000 jobs for headquarters roles earlier this month and 175,000 new operations [...]
Santander spins out $400m fintech venture fund September 11, 2020 Santander is splitting off its fintech venture capital fund and doubling its funding, re-branding the formerly-known Innoventures as Mouro Capital. Mouro Capital will be independent from Santander and have $400m in allocated funds, the Spanish bank said today. It will take on the entirety of Innoventures’ current portfolio, which includes the likes of payments giant [...]